Las Vegas Sun

One measure of homeowner distress on rise

Auction and trustee sale notices recorded in Clark County are a good benchmark for the number of properties mired in the foreclosure process — it’s typically the last stop before bank repossession. The chart below shows the number of new notices filed by month for all land types between Jan. 1, 2007, and Nov. 25, 2008.

Ninety-eight percent of properties with auction notices are residential, and the number of recorded notices so far in 2008 in is more than double the figure for all of 2007.